March 23, 2025
BTC Steady At $84K
Last weekend saw little movement, with Bitcoin fluctuating slightly after a whale opened a large short position. The week began quietly, aside from a dip to $81,000 on Tuesday.
BTC recovered to $83,000 ahead of the FOMC meeting, and after the Fed kept interest rates unchanged, BTC fluctuated between $83,000 and $85,000 before briefly spiking above $87,000. It then dropped back to $83,000.
Source: QuantifyCrypto
Now at $84,000, Bitcoin’s market cap stands at $1.67 trillion, with dominance at 58.3%.
Pi Network Recovers
PI, down 30% for the week, rebounded by 8-9% to $1. HYPE surged 14-15% to over $16, while XRP, BNB, ADA, LEO, TON, and XLM saw slight losses. HYPE is another notable gainer, having surged by 14-15% and now trading above $16.
The total crypto market cap sits just below $2.9 trillion.
Other Markets
U.S. stock futures dropped after President Trump imposed 25% tariffs on steel and aluminum imports, with financial advisers at a Miami conference offering strategies to diversify portfolios amidst lagging U.S. stocks.
Investors are betting on a weaker U.S. dollar for the first time since Trump’s victory, while Solana’s (SOL) meme coin craze raises concerns about crypto’s future. As U.S. economic turmoil deepens, China braces for greater shocks, while India’s trillion-dollar market decline tests the resolve of retail investors.
In Spain, media conflicts escalate as activist hedge funds become targets, and the EU pushes for market conditions to be considered in gas storage targets. Meanwhile, Prisa, El Pais, and Ser launched the ‘World in Progress’ forum, and Enagas SA’s LNG terminal continues operations. Lastly, X plans to acquire the remaining $1.2 billion in buyout debt held by banks.
